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@kashka wrote:I guess paying out those employee performance bonuses last year for the corporation going in the red for the first time didn't work out...And I bet the CEO will still keep his half mil salary and probably get a bonus for this new change..
Seriously..you can't make this stuff up...lol
You didn't mention this part....
"This year Canada Post, however, did not pay a corporate team incentive, which is paid across-the-board to all 56,000 employees"
Nice twisting of stats by the Toronto Star, why didn't they use the headline "Because of financial pressures less than 15% of CP employees received a bonus in 2012".
I have no doubt that CP has quite a few useless slobs working for them just as I'm sure there more than 15% of their employees who work very hard.
If you need to motivate your employees to be more productive giving them less money isn't going to get the results you want.
The question is:
Will the Harper government approve those increases - by law first class mail must be approved by Parliament - less than two years from the next federal general election?
Any bets?
I'd bet they will be approved. Canada Post may be an important service to people in the mail order business but for the vast majority of voters it's a non-issue.
For another segment having taxpayers pick up the tab for their losses would be even less popular.
"The Government of Canada has informed Canada Post of its intent to provide temporary pension relief from the need to make special payments, including solvency payments estimated at $1 billion in 2014 alone."
"Whenever Canada Post made an announcement for any postal increases, it is set as in stone, never mind if they didn't have approval from the government! "
I am sorry but that is incorrect.
Back in 1994, Canada Post proposed a small rate increase from $0.50 to $0.52 (domestic medium size and first class mail to USA) and from $0.88 to $0.90 (first class overseas).
They even printed the (Christmas) stamps for distribution to the post offices in October 1994.
The government rejected the rate increase and Canada Post had to destroy the stamps already printed and arrange for printing of $0.50 and $0.88 Christmas stamps - available in post offices on November 3rd.
So yes, the government of Canada has been known to reject postal fee increases, even a two cent increase!
lettermail in canada does not bother me as i do not use stamps so the increase is very easy to absorb but for US and International the increase is huge as I can not use lettermail as my post office does not allow it so I have to use light packet.
OUCH
"lettermail in canada does not bother me as i do not use stamps"
???
I am confused.
If you do not use stamps, what do you use to pay for your lettermail postage within Canada.
PayPal postage is not available for such service and this is where rates are scheduled to go up 30%-35% effective March 31st
BB, where do you see the increase for "small packet"? I am having trouble with the inert changing of terminology people are doing.
